Ireland’s BitcoinFRENZY Event Plans Big Bitcoin Giveaway

Daniel Palmer
May 24, 2014 at 12:25 UTC
Updated May 30, 2014 at 12:05 UTC

Irish bitcoin startup Bitex is to host a fun and informal event in Dublin this June with the aim of introducing more people to the benefits of the digital currency.

Dubbed ‘BitcoinFRENZY‘, the one-day event will feature an introduction into digital currencies, the chance to meet and chat to notable people from the local bitcoin sphere, and a chance to see bitcoin POS machines and a bitcoin ATM in action – both Ireland’s first.

Alan Donohoe, who is a founding member of the Irish Bitcoin Foundation and an organiser of the event told CoinDesk the aim of the event is to get the general public active in bitcoin, explaining:

“Our main aim is to raise the awareness of bitcoin. It’s the average person on the street who we need to get using bitcoin. […] Most ordinary people find the subject a little too technical […] we will be aiming to provide a simple, no-nonsense approach.”

Bitcoin giveaway

The first 500 visitors on the day will receive a BitcoinFRENZY pack containing, among other goodies, free gift vouchers for amounts of bitcoin varying between 0.25 and 50 euros worth, meaning many people will go away with some cryptocurrency to play with.

Donohoe said that people will be given assistance in setting up wallets for their new bitcoin and should go away with an understanding of how to use it.

To raise awareness of the event, the organisers also plan to deliver bitcoin to around 20 famous people in Dublin – from actors to politicians. Notable names include Irish President Michael D. Higgins, Governor of the Irish Central Bank Patrick Honohan and Bank of Ireland CEO Richie Boucher. The full list is yet to be announced.

Other features on the day will include a raffle with bitcoin mining equipment as the main prize. Donohoe indicated that other prizes could include bitcoin cold storage devices.

Twin events

Indicating that Ireland’s cryptocurrency scene is definitely burgeoning, BitcoinFRENZY is not the only bitcoin event to be taking place in Dublin this summer.

The Bitcoin Finance 2014 conference and expo, taking place on 3rd-4th July, will bring together international experts and forward thinkers from across the financial, technological and cryptocurrency spheres.

BitcoinFRENZY will be held on Saturday, 14th June from 12pm to 6pm (IST) at GSMsolutions, 6-7 Abbey Street Upper, Dublin. Entrance is free, however people opting to purchase an optional €10 ticket will receive a second voucher worth the equivalent amount in bitcoin.

Buy, sell, accept

Ireland POS terminal ViviPOS

On show at the event will be new-to-Ireland bitcoin POS terminals, which are to distributed by a new company called ViviPOS.

The terminals work via Wi-Fi and GSM, can scan users’ wallet QR codes and print paper wallets, vouchers and invoices. They also work with Coinkite‘s bitcoin debit cards.

As well as working as point-of-sale terminals for accepting payments, they can also be used to buy and sell bitcoin, effectively making them a mobile exchange too.

Ireland’s new bitcoin platform

Hosting the event is startup Bitex, a bitcoin service company that will launch next month with the aim “to bring every service and every bitcoin product imaginable to Ireland”, said Donohoe, adding:

“It will be Irelands first bitcoin exchange, similar to Bitstamp but with public offices. Bitex has quite a number of software and hardware products in development and will release each as they are completed.”

Effectively, the company plans to bring many bitcoin-related businesses together under one umbrella company.

“We will rival Circle to a certain extent”, explained Donohoe. “We have built our services and customer base from the ground up from day one. The bitcoin community is what we really care about and the true freedom bitcoin represents.”

Bitex says it has received a six-figure investment in the first quarter of 2014, which is being been used to develop services. It expects further investment opportunities in the coming months.

Although Bitex is a wholly owned Irish company, representatives met with MoneyGram last week regarding an application for regulation by the Financial Conduct Authority in the UK. The hurdles for FCA regulation are lower than with the Central Bank of Ireland, Donohoe said, but that is the company’s next step.

Dublin image via Shutterstock